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20121202
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, and remember, it is something the obama administration told john boehner they were willing to trade away back in the 2011 negotiations. if republicans end up getting it, that will feel like a big win for them. enough to unlock the tax deal. i'm not saying the final negotiation here will be easy. one thing that's a tough sticking point in negotiations is the debt ceiling. we begin with that tonight, which the white house wants to get rid of that forever. there's not been a lot of republican movement on the forever deal. i'm not saying they are not going to get to a deal before the deadline, but don't be fooled by the posturing. there is a sailboat. it's coming clearer. joining us is the former budget director for the obama administration. vice chairman of global bang banking at citigroup, a veteran of these negotiations. thank you for being here on a friday night. >> good to be with you. >> peter, you have been in a lot of these negotiations. you've been in there, seen how they go. what is your take right now? >> i think as you pointed out, it's still early. it's december 7th. both sides would
. unemployment hit rock bottom near the beginning of the -- under the bush administration. you can see this right here. and this of course the changing the color here is when president obama took over in january of '09. who is responsible for this turnaround? >> absolutely the president. and it would be a better turnaround if the republicans had allowed a bigger stimulus. we'd have many more jobs. >> you'd make the case we didn't spend enough on the economy? >> not only did we not spend enough, but we wasted 40% of it on tax cuts for small business, which is inherently savings and not stimulus. it was a real policy mistake. >> so considering where we are, and now 33 months of private sector job growth, is this historic? >> it's certainly we're going in the right direction, ed. we're not creating as many jobs as we need for the population growth, but it's astonishing we're recovering the way we are and if the republicans would stop creating the uncertainty, remember the uncertainty by not making a deal, we'd see the numbers improving very dramatically. >> well, let me ask you in terms of the stabi
the hour. we'll start with "the wall street journal." military officials and the obama administration want greater flexibility to launch operations against terror groups in africa. the operations would target al qaeda-related groups in countries like mali, nigeria, libya and others. >>> and "the oregonian," it was 71 years ago today that pearl harbor was bombed by the japanese in a surprise attack. 2,400 americans were killed. thousands will gather today to remember the raids with a moment of silence at 7:55 a.m., the exact time the bombings began in 1941. and when they began, my grandfather was on "the maryland." >> wow. >> my dad always took us out there. >>> let's go to "the seattle times." despite a federal ban, washington state's law allowing recreational marijuana described as one of the most liberal in the world went into effect midnight last night. the state will start licensing farms and retail stores to grow and sell marijuana next year. police across the state are said to be taking a laissez-faire approach. >> where's that willie geist? actually, that's heilmann. you know, i'm s
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